EP Group's proposed takeover bid for Fnac Darty at a price of €36 per share, in cash
View original at globenewswire.comEP Group's proposed takeover bid for Fnac Darty at a price of €36 per share, in cash THE DISSEMINATION, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IS NOT AUTHORIZED IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER COUNTRY WHERE SUCH COMMUNICATIO…
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EP Group does not intend to implement a squeeze-out procedure
80% confidenceEP Group intends to pursue the main strategic orientations implemented by the Company and its management team as presented in its Beyond everyday strategic plan
80% confidenceTogether with the members of the Board of Directors, we have unanimously welcomed this proposed offer from the Group's largest shareholder. We have mandated Ledouble to conduct an independent appraisal and are starting our work to issue our reasoned opinion to shareholders in the coming weeks, in the best interest of all the Company's stakeholders.
80% confidenceEP Group intends to maintain Fnac Darty's headquarters in France
80% confidenceThe offer is expected to be filed with the AMF before the end of the first quarter of 2026
80% confidenceEP Group does not intend to change the Company's dividend policy
80% confidenceEP Group intends to maintain Fnac Darty's management team
80% confidenceWith EP Group, the Group's largest shareholder since 2023 through its subsidiary VESA Equity Investment, we have built a relationship of trust over the years that has enabled us to complete the transformative acquisition of Unieuro. Without prejudging the reasoned opinion of the Board of Directors, we welcome this project by our largest shareholder, which shows renewed support for our Beyond everyday plan and our longer-term strategy.
80% confidence